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Registration number: 14287975

R5 Investments Limited

Unaudited Filleted Financial Statements

for the Period from 10 August 2022 to 31 August 2023

 

R5 Investments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

R5 Investments Limited

Company Information

Directors

J R Rial

V J Rial

Registered office

Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
HU17 0RT

 

R5 Investments Limited

(Registration number: 14287975)
Balance Sheet as at 31 August 2023

Note

2023
£

Fixed assets

 

Investment property

4

237,844

Current assets

 

Debtors

5

118,287

Cash at bank and in hand

 

213,434

 

331,721

Creditors: Amounts falling due within one year

6

(2,675)

Net current assets

 

329,046

Net assets

 

566,890

Capital and reserves

 

Called up share capital

15

Retained earnings

566,875

Shareholders' funds

 

566,890

For the financial period ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 March 2024 and signed on its behalf by:
 

.........................................
J R Rial
Director

.........................................
V J Rial
Director

 

R5 Investments Limited

Notes to the Unaudited Financial Statements for the Period from 10 August 2022 to 31 August 2023

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales and the company registration number is 14287975.

The address of its registered office is:
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
HU17 0RT

The principal place of business is:
Heyford House
Catfoss Airfield
Brandesburton
Driffield
East Yorkshire
YO25 8EJ

These financial statements were authorised for issue by the Board on 14 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Tax

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

R5 Investments Limited

Notes to the Unaudited Financial Statements for the Period from 10 August 2022 to 31 August 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 2.

4

Investment properties

2023
£

Additions

237,844

At 31 August

237,844

5

Debtors

2023
£

Prepayments

622

Other debtors

117,665

118,287

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

2,675

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £903,800.

 

R5 Investments Limited

Notes to the Unaudited Financial Statements for the Period from 10 August 2022 to 31 August 2023

8

Related party transactions

Transactions with Directors

2023

At 10 August 2022
£

Advances to Director
£

Repayments by Director
£

At 31 August 2023
£

J R Rial

Unsecured, interest free loan, repayable on demand

-

27,000

(350)

26,650

         
       

 

Other transactions with Directors

At the year end the directors owed the company £26,650. Loans made to the company by the directors are unsecured, interest free and repayable on demand.